The global silage bags market is likely to be valued at US$ 558 Million in 2022, and is likely to register a value CAGR worth 4.9% across the 2022-2032 assessment period. According to Future Market Insights, silo bags market value is anticipated to reach a valuation of US$ 900.27 Million by 2032.
Silo bags or silage bags have been in trend for decades throughout the agricultural world for storing green fodder for cattle, and grain commodities such as corn, wheat, barley, soybeans, and sunflower seeds. They are an ideal option in grain storage, owing to their ability to ensure safety against spillage & rat menace at the warehouse.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value for Silage Bags in 2022 | US$ 558 Million |
| Projected Market Value for Silage Bags in 2032 | US$ 900.27 Million |
| Growth Rate (2022 to 2032) | 4.9% CAGR |
Initially, silage bags came into existence to allow farmers to preserve and maintain animal feed or forage. Forage is the most economical medium of food for livestock but it isn’t accessible year-round. To resolve this issue, silage bags were considered an ideal solution for forage conservation at a low cost throughout the critical period of the year. Shortly, these bags were referred to as grain bags as they were ideally suited for medium-scale storage of grains.
According to World Food Program USA, nearly one-third of all food produced each year is squandered or spoiled before it can be consumed. For millions of people in low-income countries, this food waste happens at harvest time.
Poor storage results in pest infestations or mold that ruin crops before consumption. Future Market Insights forecasts, the demand for silage bags is projected to upsurge over the forthcoming years, driven by encouraging agricultural policies by several governments.
To procure consumers’ demand for effective storage, several manufacturers are reinventing their product designs to enhance their performance and enable longer shelf storage. In Dec 2021, Dow and Packaging Industries Limited (PIL) announced Mama Silage Bags – a breakthrough silage storage technology for small-scale dairy farmers in Kenya.
The Mama Silage innovative bags are designed to help improve silage storage and reduce waste. By enabling Kenyan farmers to better preserve animal feed for dairy cows, it helps to provide a steady supply of milk and, consequently, a steady income for farmers throughout the year.
While conventional silage bags may pose several shortfalls, a few start-ups have looked into the problem and developed innovative bags to help farmers improve and preserve the nutritional quality of silage with minimal wastage, enabling high milk production levels and a sustained and predictable income across the year; states Future Market Insights report.
AgroZ®, a leading startup has recently developed an AgroZ Bag that is a multi-layered hermetic bag recommended for the storage of grains and pulses for six to nine months and sometimes a longer period to protect against insects and pests without using pesticide dust.
AgroZ® Bag Plus is the first insecticide-treated hermetic storage bag specifically designed to control insect borers such as LGB, which cannot perforate through it. With the development of such innovative products, the market for silage bags is likely to witness significant growth over the coming years.
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Silage bags are packaging and storing systems for silage, which is a green fodder stored in compact and airtight conditions. Silage bags prove to be cost-effective storage systems for farmers who require additional storage capacity.
Silage bags substitute other silage storage alternatives such as piles, bunkers and silo systems which require high investment cost. The market for silage bags is driven by awareness among farmers to prevent wastage of fodder and other agricultural produce used to feed animals during the dry seasons.
Silage is produced by the actions of microorganisms especially bacteria that degrades materials such as chopped feed, pressed grass and pulps, which require storage conditions with atmosphere barrier and compacting functionality.
Silage bags used to store silage are made of 3 layers of coextruded polyethylene comprising of 2 white layers to make the bag weather proof and 1 black layer which protects the grain from sun light. The silage bag prevents the product from water and atmosphere contact, thereby increasing the shelf life of the product.
Silage bags prove useful in the preventing the wastage of agricultural products, thus coping up the demands of increasing world population for food supply.
Silage bags market is expected to witness hike in terms of demand due to its convenient storage qualities. Silage bags are used for the storage of agricultural products like food grains, crops, etc. apart from feed and fodder. The increasing demand of the agricultural products and reduction in the production of the feed and fodder crops is expected to fuel the demand for silage bags market.
The attributes of silage bags that are support its demand includes low cost investment, minimum space requirement, ease of handling, etc.
Regions with high agricultural activities like India and Australia have increasing preference for silage bags for easy and safe techniques for the storage of their farm products.
Small farmers with inadequate capabilities to invest in larger silo systems prefer silage bags for their short term requirements. Silage bags, in addition, offer the comfort of storage at an appropriate location during shortage of permanent locations. However, the existing options like bunkers, ditches, containers etc., due to their greater storage capacity, appear to be the restraints in the silage bags market.
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On the basis of geographical regions, the silage bags market is divided into following regions: North America, Latin America, Europe, Asia Pacific and Middle East.
Asia’s large and growing population coupled with rising incomes and a rapidly growing middle class is expected to drive the demand for silage bags market. Silage bag market is therefore anticipated to be dominated by Asia Pacific region during the forecast period. The world’s growing economy like India and China is also expected to boost the silage bags market in the coming years.
In addition, Australia is also expected to put a positive impact on the silage bags market as the country is majorly dependent on agriculture for its economy. However, Europe and North America is going to witness slower growth than Latin America. Middle East and Africa is also going to face a sluggish growth in silage bags market throughout the forecast period.
The key players in the silage bags market includes RKW groups (Germany), Silo Bags International limited (China), Silo Bags India (India), Flex Pack (Holland), Silo bag grain (Australia), Grain Bags Canada (Canada), The Panama Group (India), Ipesa - Rio Chico S.A. (Argentina), etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The silage bags market can be segmented as following:
Based on capacity, the silage bags market is segmented into:
Based on grain types, the silage bags market is segmented into:
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Analysis and Forecast 6.1. Capacity 6.2. Grain Types 7. Global Analysis and Forecast, By Capacity 7.1. Small 100 to 140 tons 7.2. Large 150 to 200 tons 7.3. Very large 210 to 250 tons 8. Global Analysis and Forecast, By Grain Types 8.1. Dry grains 8.2. Wet grains 8.3. Crushed grains 8.4. Dried fruits 9. Global Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia Pacific 9.6. Japan 9.7. Middle East and Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Japan Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Capacity and Grain Types for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. RKW groups (Germany) 19.2. Silo Bags International limited (China) 19.3. Silo Bags India (India) 19.4. Flex Pack (Holland) 19.5. Silo bag grain (Australia) 19.6. Grain Bags Canada (Canada) 19.7. The Panama Group (India) 19.8. Ipesa - Rio Chico S.A. (Argentina)
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Silage Bags Market
